TSXV: QHR.V0.58  chart+0.00

QHR ENTERS AGREEMENT WITH DRAGONFLY PROMOTIONS LTD.

QHR is pleased to announce it has entered into an investor relations agreement (the “Agreement”) with Dragonfly Promotions Ltd. (“Dragonfly”), a Vancouver based company. Dragonfly is wholly owned by Mr. James Lee, a businessman who has over 15 years of investment industry experience.

Pursuant to the terms of the Agreement, Dragonfly has agreed to assist with co-ordinating and disseminating news and information of QHR to the public and to QHR’s shareholders, to initiate and maintain contact with brokers and brokerage houses to provide them with news of QHR and to assist in handling inquiries and requests from the general public or regulatory authorities.

The Agreement is effective for a period of 12 months from September 12, 2000. Either party may terminate the Agreement upon 30 days notice to the other party. In consideration for the services provided by Dragonfly, QHR has agreed to pay Dragonfly a monthly fee of $5,000.00. In addition to the monthly fee, QHR granted an incentive stock option to Dragonfly entitling Dragonfly to acquire up to 100,000 common shares of QHR at an exercise price of $1.50 per share. During the term of the 12 month agreement, 25,000 shares of the stock option will vest and be eligible for exercise at the end of each consecutive 90 day period.

QHR is engaged in the business of developing and implementing human resource software solutions and technology business acquisitions. QHR’s mission is to become a global leader in human resource software. QHR is developing a single software solution designed to handle all elements of human resource management including human resource inventories, payroll, staff scheduling and database management.

For the Board of QHR Technologies, Inc. Al Hildebrandt, C.E.O.
For further information contact James Lee, James R. Bond or David Goertz of QHR at (250) 763-3122.

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